Marvell Raises Revenue Outlook for Fiscal Years 2028 and 2031
At an investor day event on October 6, 2026, Marvell Technology raised its revenue outlook to $20 billion for fiscal year 2028 from a previous estimate of about $18 billion. The company also set a long-term target of between $70 billion and $90 billion in revenue by fiscal 2031. These projections reflect strong demand across Marvell’s product lines, particularly its optical connectivity solutions used in AI systems. Marvell highlighted that all five major U.S. hyperscalers are customers for its data center interconnect modules. The company has expanded through recent acquisitions and is developing advanced technologies like plasmonics to enhance performance within AI infrastructure. Management expects strong growth from optics linking processors inside AI systems starting in fiscal 2028. The updated forecasts underscore Marvell’s strategic focus on high-growth areas such as data center connectivity, memory solutions, and next-generation optical components.
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